Ok the property is worth $150,000 the owner owes 109,000 the property can rent @ $1500 and the mortgage is at $800 . Would you say deal or no deal ? And how so? Seller wants to profit $10,000 any suggestions ?
depends on the motivation of the seller, the condition of the property and what exactly youre trying to do.. lease option could possibly work here
A quick idea to me would be a 3-yr lease option at $119k with $2,000 option consideration. She'll get the other $8k when the tenant buyer finances it out. Your choice to sandwich or assign. Nice find @Kenneth Scott !
she is extremely motivated she wants out. I'm a newbie so this seems a little difficult not the average wholesale deal